Anybody on here have stocks?


L

lilC

Well-Known Member
How did you start? Did you have alot of money? Can you give a brotha some better tips than the yellow pages?
 
Yes, I have stocks and trade stocks. I started years ago with 401K money I got when I left a job. There are lots and lots of stock education websites out there, but Fools.com is good for beginners.

I think stock trading is another way besides home ownership to producing cash with out a job. :hat:
 



Most companies like Ameritrade will require at least $1500 to open an account. When buying stocks, you need to purchase in lots of 50 to guarantee that your order is filled at your desired price. Otherwise, they will combine your order with other orders and you, could end up paying a lot more than you had planned.
 
Yes. Not really in terms of having loot. Went the safest route and am piling 16% of my salary before taxes into a diverse 401K to spread the risk. I'm not a financial advisor or CPA, I just play one on TSPN, but to me, when starting out, I'd go into some type of mutual fund/401K investment that allows one to invest in an array of stocks to spread the risk while learning the ropes. As you learn the business divert more of your funds into stocks you have researched and decided are worth investing in.
 
rule no. 1 Before you purchase stock look at its 52 week high and low values. Compare those values to the current price. If the current price is near the 52 week high, stay away from it.....hence buy low and sell high.
 
Bartram said:
Yes. Not really in terms of having loot. Went the safest route and am piling 16% of my salary before taxes into a diverse 401K to spread the risk. I'm not a financial advisor or CPA, I just play one on TSPN, but to me, when starting out, I'd go into some type of mutual fund/401K investment that allows one to invest in an array of stocks to spread the risk while learning the ropes. As you learn the business divert more of your funds into stocks you have researched and decided are worth investing in.
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Holla at me too. We can compare notes.
 
ThrowForSix said:
I think stock trading is another way besides home ownership to producing cash with out a job. :hat:
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Bonds are primarily used for INCOME (cash) - (DEBT)

Stocks and Mutual Funds are used for Long term GROWTH - (EQUITY)
 
BandFan said:
Bonds are primarily used for INCOME (cash) - (DEBT)

Stocks and Mutual Funds are used for Long term GROWTH - (EQUITY)
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Nope not in my world. :lecture: I have a bond fund and I think of that as long term.

I trade options when I want to put 2K or 3K in my pocket(shoe shopping :winkgrin: ) and I buy stocks when they have a good up swing potential and I'm willing to tie up my money for a year or so. Other then that I buy the call option or the put (if its going down)and pocket my cash.

I'm currently hot on NetFlix. I brought them last week and I'm up $1,700 already. :jump:
 
ThrowForSix said:
Nope not in my world. :lecture: I have a bond fund and I think of that as long term.

I trade options when I want to put 2K or 3K in my pocket(shoe shopping :winkgrin: ) and I buy stocks when they have a good up swing potential and I'm willing to tie up my money for a year or so. Other then that I buy the call option or the put (if its going down)and pocket my cash.

I'm currently hot on NetFlix. I brought them last week and I'm up $1,700 already. :jump:
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You really do know how to throw for six and make the two point conversion.,,, :teleport:
 
ThrowForSix said:
Nope not in my world. :lecture: I have a bond fund and I think of that as long term.

I trade options when I want to put 2K or 3K in my pocket(shoe shopping :winkgrin: ) and I buy stocks when they have a good up swing potential and I'm willing to tie up my money for a year or so. Other then that I buy the call option or the put (if its going down)and pocket my cash.

I'm currently hot on NetFlix. I brought them last week and I'm up $1,700 already. :jump:
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Bonds are typically long term. Mainly they are used for INCOME purposes only. YOu have a bond FUND which I am assuming is a Mutual Fund or UITs (Unit Investment Trusts) invested in BONDS. Those would typically generate INCOME & GROWNTH.

Good luck with your options. ARe you placing more Buy Calls/Sell Puts or Buy Puts/Sell Call. Depending on whether or not you expect the market to go up or down???
 
BandFan said:
Bonds are typically long term. Mainly they are used for INCOME purposes only. YOu have a bond FUND which I am assuming is a Mutual Fund or UITs (Unit Investment Trusts) invested in BONDS. Those would typically generate INCOME & GROWNTH.
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yada, yada, yada . . . but not enough growth or income for me.

lilC
Here my point: there is alot of information out there and most of it is confusing, but once you narrow down what your goals are, then you find a strategy that works to get you to your goals.

My Goal is to make cold hard cash . . .you know in the market for a week or two, make a profit and get out . . .then call E-Trade and say "Send me my check"

P.S. the only problem with my methods is Uncle Sam always has his hands out, but a good CPA can help you with that.
 
ThrowForSix said:
Nope not in my world. :lecture: I have a bond fund and I think of that as long term.

I trade options when I want to put 2K or 3K in my pocket(shoe shopping :winkgrin: ) and I buy stocks when they have a good up swing potential and I'm willing to tie up my money for a year or so. Other then that I buy the call option or the put (if its going down)and pocket my cash.

I'm currently hot on NetFlix. I brought them last week and I'm up $1,700 already. :jump:
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yeah but mutual funds/401Ks are like bonds with the potentially faster growth and bull market benefits of stocks. :nod:
 



Yada Yada Yada??????

Yeah, some of us know everything.

Need any Financial advise, holla at me.
 
I sure do. And I got the stocks of not just high rolling companies. I got companies that I patronize too.

CHKR
KO
T
KKD
MSFT

Get me.

As far as investing, round lots (>100 shares) are least espensive cause odd lots (<100 shares) will have a company charge commission.
 
ThrowForSix said:
yada, yada, yada . . . but not enough growth or income for me.

lilC
Here my point: there is alot of information out there and most of it is confusing, but once you narrow down what your goals are, then you find a strategy that works to get you to your goals.

My Goal is to make cold hard cash . . .you know in the market for a week or two, make a profit and get out . . .then call E-Trade and say "Send me my check"

P.S. the only problem with my methods is Uncle Sam always has his hands out, but a good CPA can help you with that.
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I'm looking for money now and money in the future.
 
Yep. Been investing for a while now. I don't mind trying a new company so I've used eTrade as well as buyand hold.com. Buyandhold.com doesn't have a minimum just committment to at least $25 per month. I guess you can tell I'm into dollar cost averaging.

But I 've made and lost money but I still play the game. I stick with things I use and know something about--Dell Computers, Walmart, Fannie Mae, Freddie Mac, Southern Company plus the 401K at work has a variety of mutual funds I'm in.

I don't have any advice except to say, try SOMETHING. You'll learn as you go along.
 
Big Blues are great for building your port. Like Frat said: T, KO, PEP, MFST, etc etc, but you always want to think about diversity, so with that said.

Invest in MUTUAL FUNDS!!!!
 
BandFan said:
Big Blues are great for building your port. Like Frat said: T, KO, PEP, MFST, etc etc, but you always want to think about diversity, so with that said.

Invest in MUTUAL FUNDS!!!!
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You may want to tell them why. While the answer's in your post, not all of us black folk are financially savvy. I fins that out every day in the hood.
 
Are there a limit on the amount of IRA's you can have. What if you have three or four? Is there a difference in IRA's and Mutual Funds or do they Co-exist?
 
CEE DOG said:
Are there a limit on the amount of IRA's you can have. What if you have three or four? Is there a difference in IRA's and Mutual Funds or do they Co-exist?
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You can have as many as you want I believe. YOu just want to keep in mind that IRA's are retirement tools that you use as tax shelters for the present to use for expenses in the future. IRA do not eliminate taxes, they just sheild you from them. Its like an umbrella effect. The two main type are ROTH and Traditional.

Mutual Funds are a product that you buy. Mutual Funds are small peices of companies. Think about Stocks -vs- MF in a pie chart. You can buy one big pie of T (AT&T) or you can buy one big put with Dell, Microsoft, McDonalds, AT&T, PepsiCo, Walmart, KMart, as the different slices. So instead of one big pie of one thing, you have a big pie with different slices of Stocks.

Mutual Funds offer diversity cause your money is not in one boatload, its invested in different companies that have different market swings. Mutual Funds are managed by Mutual Fund directors. When they see one of the stocks in Fund (pie) is declining they will take that stock out of the Fund and replace it with one (usually in the same industry) that is doing better.

UIT (Unit Investment Trust) are almost the same as Mutual Funds, except they are not Managed. Everything that started off the Funds, stays in the fund. NOthing gets added or subtracted.

You can Fund IRA's with Mutual Funds (most people do), Stocks, Bonds, Bond invest stictly in Mutual Funds, The only thing you cant fund a IRA with is Options and Option Indexes.
 
Thanks!!! That cleared up somethings for me.
BandFan said:
You can have as many as you want I believe. YOu just want to keep in mind that IRA's are retirement tools that you use as tax shelters for the present to use for expenses in the future. IRA do not eliminate taxes, they just sheild you from them. Its like an umbrella effect. The two main type are ROTH and Traditional.

Mutual Funds are a product that you buy. Mutual Funds are small peices of companies. Think about Stocks -vs- MF in a pie chart. You can buy one big pie of T (AT&T) or you can buy one big put with Dell, Microsoft, McDonalds, AT&T, PepsiCo, Walmart, KMart, as the different slices. So instead of one big pie of one thing, you have a big pie with different slices of Stocks.

Mutual Funds offer diversity cause your money is not in one boatload, its invested in different companies that have different market swings. Mutual Funds are managed by Mutual Fund directors. When they see one of the stocks in Fund (pie) is declining they will take that stock out of the Fund and replace it with one (usually in the same industry) that is doing better.

UIT (Unit Investment Trust) are almost the same as Mutual Funds, except they are not Managed. Everything that started off the Funds, stays in the fund. NOthing gets added or subtracted.

You can Fund IRA's with Mutual Funds (most people do), Stocks, Bonds, Bond invest stictly in Mutual Funds, The only thing you cant fund a IRA with is Options and Option Indexes.
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